Crypto Taxation in Argentina: A Complete Guide

Argentina’s cryptocurrency adoption has surged, leading to a revenue of $706.1 million in 2025. Directly fueled by inflation and currency depreciation. Citizens use digital assets like Bitcoin to preserve wealth and transact. Understanding tax rules is vital for compliance. The Federal Tax Authority (AFIP) is the appointed regulator that oversees crypto taxation. This guide outlines the tax framework and compliance requirements as of April 2025, reflecting Argentina’s shifting fiscal policies.

Tax Authorities & Regulations 

In Argentina, the cryptocurrency market falls under the Administración Federal de Ingresos Públicos (AFIP). In a recent policy under Ruling 2/2022, the AFIP updated its policy, where cryptocurrency will be considered as digital assets. It’s a subject to taxation that needs to follow the framework of the Personal Property Tax. The 2024 “Law of Foundations and Initial Measures for Argentinian Liberty” also applies. Crypto is treated as intangible property, not legal tender. Holding crypto is untaxed, but profits or income from transactions are taxable, aligning with fiscal modernization efforts.

Types of Crypto Taxes in Argentina

• Capital Gains Tax (CGT): Levied on profits from selling crypto above a threshold.
• Income Tax: Applied to earnings from mining, staking, or payments, treated as income.
• VAT/GST: Not applicable to crypto transactions in 2025.
• Other Taxes: Personal Property Tax on year-end crypto value; 5–15% tax on international transfers.

Tax Rates & Brackets

• CGT ranges from 5–15%, based on declaration timing (5% pre-March 2024; 15% in 2025).
• Income tax on crypto earnings spans 5–35%, per income bracket.
• Personal Property Tax is 0.25–1.25%, based on wealth.
• International transfers face a 5–15% tax.
• No exemptions for small gains; early 2024 declarations had lower rates.

Crypto Transactions & Tax Treatment

• Buying/selling: Buying is tax-free; selling triggers CGT if profitable.
• Mining/staking: Taxed as income per slab rate.
• Payments: Taxed as income based on market value.
• Crypto-to-crypto: Taxable as CGT.
• DeFi/lending: Taxed as income or CGT, per activity.
• NFTs: Taxed as CGT on profit; no specific rules.

Crypto Tax Reporting & Compliance

In 2025, AFIP mandates reporting crypto in annual tax returns via Personal Property Tax filings, including wallet details and December 31 values. Record-keeping of trades is required. The deadline is typically June 30, with fines for late submissions. Exchanges don’t withhold taxes, so taxpayers must calculate and report accurately.

Tax Deductions & Exemptions 

In 2025, Argentina allows crypto trade losses to offset same-year gains, not other income. Business expenses (e.g., mining costs) may be deductible for registered traders. Holding crypto is tax-free, but no broad exemptions apply. The 2024 early declaration offered a 5% rate, now expired. Taxpayers should seek expert advice to optimize deductions.

Enforcement & Penalties for Non-Compliance 

AFIP monitors crypto via KYC data, blockchain analytics, and international cooperation. In 2025, it intensified enforcement, inspecting mining operations and financial records. Non-compliance incurs penalties of 25% of unpaid tax plus interest; evasion may lead to 100% fines or up to seven years’ imprisonment. Errors can trigger audits, requiring detailed records. Enhanced tech makes evasion difficult, emphasizing compliance.

Future of Crypto Taxation in Argentina

In 2025, President Milei’s pro-Bitcoin stance may lower taxes or incentivize blockchain firms. AFIP seeks stricter reporting to prevent evasion. With inflation boosting crypto use, Argentina could balance revenue and innovation, potentially becoming a crypto hub if regulations soften.

Conclusion 

In 2025, Argentina taxes crypto via CGT, income, and property taxes under AFIP oversight. Taxpayers must report transactions and keep records to avoid penalties, intensified by stronger enforcement. Consulting professionals is advised due to the complexity. Compliance enables responsible crypto use, supporting fiscal stability while reducing risks.

FAQs

1. Is the possession of cryptocurrency subject to taxation in Argentina?
   No, merely holding cryptocurrency incurs no tax liability; however, its value must be declared for the purposes of the Personal Property Tax.

2. What are the consequences of failing to declare cryptocurrency profits?
   Individuals may be liable for penalties beginning at 25% of the unpaid tax amount, plus interest, with more severe sanctions possible for deliberate non-compliance.

3. Are exchanges between different cryptocurrencies taxable?
   Yes, converting one cryptocurrency to another constitutes a taxable event, subject to capital gains tax assessment.

4. Is it permissible to deduct losses from cryptocurrency transactions?
   Yes, losses may be offset against gains from other cryptocurrency transactions within the same tax year, though not against other income sources.

5. What is the deadline for submitting tax filings in 2025?
   The filing deadline is generally June 30 for the prior year’s taxes, though confirmation of the precise date should be sought from AFIP updates.